KVMR and Nevada Theatre create “Bridge Street Trust”

KVMR 89.5 Community Radio and the Nevada Theatre have established the “Bridge Street Trust,” which will own the building to be constructed behind the 148-year-old theater as well as the theater building itself and the adjacent “Ice Depot” building.

The trust’s Board of Trustees initially includes six representatives from the KVMR Board of Directors and the Nevada Theatre Commission. Eventually, other members of the community who share a commitment to the two organizations will be invited to serve as trustees. KVMR and the theatre commission will manage their separate areas of the Trust’s property under 99-year-leases at $1 per year.

The public charitable trust structure is the same model of ownership under which the Miners’ Foundry in Nevada City is structured.

The new building will feature radio broadcast and production studios, offices and a performance studio that doubles as a community room in 6,500 square feet for KVMR. For the theater, 1,500 square feet will be accessible directly from the stage for a much-needed backstage area with room for rehearsals, storage, dressing rooms and restrooms.

Both organizations are actively involved in an on-going $1 million capital campaign to raise funds for the building. Nearly 300 people have already donated to the campaign.

A video explaining the project is here:

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra. View all posts by jeffpelline